Establishes the Tennessee Commission of Insurance Review to oversee health insurance entities and enforce compliance with state insurance laws.
The Tennessee Commission of Insurance Review is created to enforce state insurance laws and oversee health insurance entities. The commission consists of seven members appointed by various authorities, including the commissioner of health, the speaker of the house, and the speaker of the senate. The commission has exclusive enforcement authority over health insurance practices, including prohibiting downcoding, lasering, and other unfair practices. Health insurance entities must not make material changes to health benefit plans without proper notice and negotiation.
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